Trump's tariff policy has put the S&P 500 index at a key technical support point, which may usher in a sustained downside risk. The market is watching the situation around 5,500 points below the index, and technical analysts warn of unattractive lows. The importance of psychological position is highlighted, and investors are difficult to believe in the benef
The S&P 500 is at a key technical point in the wake of Trump's tariff actions, and if it fails, it could face a longer-term decline. On April 3, the S&P 500 came to a correction near 5,500 points. Technical analysts who look at moving averages and other indicators to determine market momentum point out that there are few points below this key psychological level that can attract dip buying. "There's a whiff of panic in the air," said Jay Woods, chief global strategist at Freedom Capital Markets. "Trump and Treasury Secretary Bessant tried to sell the trade war to Americans, but the stock market didn't buy it. People are tired of the rhetoric, they don't see what tariffs can do other than potentially tip the U.S. into a recession, and are now rushing to pull money out of the market. ”
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GateUser-00743f36
· 04-03 16:26
Trump is gambling with nations economy as a leverage of his administration!
Strategists closely watch whether the S&P 500 index can hold key levels.
The S&P 500 is at a key technical point in the wake of Trump's tariff actions, and if it fails, it could face a longer-term decline. On April 3, the S&P 500 came to a correction near 5,500 points. Technical analysts who look at moving averages and other indicators to determine market momentum point out that there are few points below this key psychological level that can attract dip buying. "There's a whiff of panic in the air," said Jay Woods, chief global strategist at Freedom Capital Markets. "Trump and Treasury Secretary Bessant tried to sell the trade war to Americans, but the stock market didn't buy it. People are tired of the rhetoric, they don't see what tariffs can do other than potentially tip the U.S. into a recession, and are now rushing to pull money out of the market. ”